Weekly Report on Our PB Mining Cloud Mining Service Testing

17Mar 2014

One more week has passed from our ongoing PB Mining Bitcoin cloud mining service tests and yesterday we have received our payout. As we’ve already discussed the service is sending the payouts from the cloud mining hashrate that you have purchased every Sunday before Midnight. From what we are seeing so far the payout seems to be fixed based on the current difficulty and the hashrate you have purchased. So far we haven’t had any issues with the service, unlike many other similar services that do have problems lately, but we are still a bit wary and are not investing too much coins in hashrate.

We already have 20 GHS purchased worth of hashrate and we are probably going to be upping that hashrate some more after the next Bitcoin difficulty adjustment in about 8 days, because PB Mining is decreasing their price per GHS with every difficulty increase. And for the moment they are still offering the best price per GHS for cloud mining hashrate that starts mining for you right away. The total hashrate of the service that is being officially reported is now 64 THS. There seem to be already about 4000 people that have registered and are using the service for cloud mining and while there are still some concerns about it, things seem to be running smoothly so far. And even though we have been testing the service for more than 3 weeks already and are so far happy with the results, we do still recommend some caution and to start small and not rush in with a lot of BTC to invest in cloud mining hashrate if you do wan to test it yourself.

I found a site that seems more reliable then pbming cheaper gh/s and they pay out every day instead of once a week. I don’t trust PBmining and for good reasons. They are in Canada but wont sell to anyone their. pbmining wont answer your questions and has had issues in the past with paying people with the same bitcoins they just earned for selling you hashes they are banking on more people constantly joining. people stop joining before the gh/s are worthless being in about a year they go under as simple as that. also pbmining wont even tell us why the coins they are giving us now are so old and minted or ‘mined’ in random places around the world, or a single picture or serial number for even a single mining rig or gpu.

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